Pros
I grew professionally with State Farm and loved my job. Yearly merits and bonuses were always good. I hear the yearly bonus will go away soon, over the years they continue to re-structure the merit increase so you get less and less no matter how good of a rating you get. Merit can range from 3-5%, it used to be 10-16%. In a 10 year span I went from making $35,000 to over $80,000 plus a year. I had a positive attitude, did above and beyond what was expected of me, and tapped into as much learning, certifications they offered. Over the 10 years the company was growing, and I got to be a part of expansion into the main HUBS, it was fun to be a part of something so great, so many opportunities.
Cons
If you asked me 5 years ago I would have said State Farm was the best company to work for. Now they are in trouble, apparently they lost 1 million policy holders in 2017. As a result of the loss in policy holders they are trying to stay afloat and doing companywide layoffs. For the first time in their existence they are cutting jobs. No big deal it happens right? It is a big deal when you have families that work for State Farm, husband and wife teams. Both are loosing their jobs. It’s sad to say a company that was once great with awesome values and potential to grow is now dying , it has lost its core values they once stood for. Why? The company moves at to slow of a pace and doesn’t spend their money on investing in better operating systems that all talk to each other, and procedures and guidelines that are easy to follow. If they did they could have a holistic company with staff that can handle several different product lines. They don’t spend money on the things that matter. Hourly staff are require to clock in and out right when they walk in the door. (scan badge) They work off a point system so if you are late and have to many un explained absences in a week you get written up and potentially fired. I'm not apart of this process because I'm salary, I feel it's something to share for those considering the company. Example: If you’re late for work one day then later in the week call in to take your PTO because your kid is sick those are all points which could result in losing your job. I get that to many people abused the system in the past, but leadership should have been better trained to deal with this issue so it didn’t have to come to this micromanagement state. I loved my job and State Farm, but now with the extreme measures the company has taken to cut out all of it’s core knowledge due to layoff, I just don’t see how they will survive. I wouldn’t even recommend a recent college graduate to take job here for 1-2 years. You are not secure at State Farm, they have turned into any other corporation out there, if they don't need you cuts will happen. The work environment is not flexible and fun like it used to be.